Austrlia Vs Canada
Jun 10th 2009, 3:11 am
#226
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: Austrlia Vs Canada
what ever bad is said about canada, they have 178 billion barrels of proven oil reserves, which is second only to Saudi Arabia. Whereas OZ has only 350 million barrels of proven reserved. This is alone sufficient to keep their economy in the top 10 for a considerably long period.
I think planting your self in Canada is safe. as long as oil does not hit, below $20 a barrel.
I think planting your self in Canada is safe. as long as oil does not hit, below $20 a barrel.
http://www.eia.doe.gov/emeu/cabs/Australia/Oil.html
There are bound to be deep sea deposits close to Australia as well. I doubt if we will ever see them utilised. Probably wont even refine the Oil Shale reserves that Australia has.
Beside Aus has already proven, by riding out the recession so well that Iron ore and other minerals are a great way to improve and maintain the wealth of a country. Possibly even better than oil.
Pure Electric vehicles will start their acceptance curve as from the end of 2010... I wouldn't be surprised if they are the main source of transportation in cities by 2020.
Jun 10th 2009, 3:22 am
#227
Canuck/Aussie
Joined: May 2006
Location: BC, Canada
Posts: 4,547
Re: Austrlia Vs Canada
http://www.theaustralian.news.com.au...005200,00.html
The article is a year old now, but I can tell you they are still busy making plans. No idea what the future will hold though.
